Resolve Raises $25M Amid Demand for B2B BNPL

The credit billing platform Resolve has raised $25 million in strategic equity funding, money the firm says will help meet the demand of B2B companies looking to embed buy now, pay later (BNPL) tools into their payment workflows.

The San Francisco-based firm announced the funding in a news release on Thursday (Dec. 9), saying the funds would expand its team and platform. The funding follows the $60 million raised by Resolve – with the help of its parent company Affirm – earlier this year.

Read more: Resolve Raises $60M for Embedded B2B Trade Credit

“The market for simplifying net terms payments and embedding BNPL payment options is exploding as companies work to mitigate the pain of payments caused by overextended and snarled supply chains,” said Chris Tsai, Resolve’s CEO. “With this infusion of funds, we can capitalize on our market leadership position and rapidly scale to serve the many new types of companies looking to offer net terms and BNPL to their business customers, while unlocking cash flow and growing with minimal risk and effort.”

Resolve offers 30-, 60- or 90-day net terms-as-a-service and embedded BNPL solutions, designed to give B2B buyers and sellers more time to grow their businesses. The company says that manufacturers, distributors and wholesalers leveraged Resolve during the pandemic to upgrade their B2B payment methods.

According to Resolve, a growing number of companies have begun embracing digital B2B BNPL as a simpler and safer way to offer net terms to clients planning to pay later. Buyers and sellers are also looking to tools like B2B BNPL to extend payment terms while dealing with disruptions to the global supply chain.

Read more: Resolve CEO: BNPL Fixes the Net Terms Problem for Small Suppliers

In an interview with PYMNTS’ Karen Webster in June, Tsai said his company endeavors to boost the efficiency of the net terms economy by carrying out credit checks, providing invoice financing and underwriting receivables, while paying merchants within a day of them submitting an invoice (minus Resolve’s fees).

“It’s almost white-label; I would say it’s more ‘gray’ label,” he said of the platform. “We power the payments, and we power the notifications for a delinquent or slow payment, for example. Buyers are still paying the vendors, but it all happens to be flowing over Resolve’s rails.”